Tue, May 28, 2024
Home loans are for a long duration, and because of that, one pays huge interest along with the principal amount as repayment. E.g., if you take a Rs 50 lakh loan for 20 years at an annual interest rate of 8.50 per cent, your interest in that duration will be Rs 54,13,879.
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Fri, Sep 22, 2023
Taking a home loan requires long-term planning and commitment as repayment tenures can stretch over decades. But, with interest rates fluctuating majorly, one can find financers offering lower rate and better terms. In such a situation, home loan refinance or balance transfer can help save on EMIs as well as ease repayment conditions. In this video we discuss the features and benefits of home loan transfer or refinancing.
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